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Fibonacci Trading with Bobokus

  • #5,881
  • Sep 17, 2008 7:18am Sep 17, 2008 7:18am
Quoting psneto
Bo,

Did you only move your intraday fib to the bottom of today for both GU and EU after the moviment of today and kept the others as you charts from yesterday?

thanks for your help!
Yes The Intraday from Monday is the only thing added or changed, JicJoc's posts shows the correct Intraday until we see what happens through todays movment.
  • #5,882
  • Sep 17, 2008 7:20am Sep 17, 2008 7:20am
Quoting vejay
Hi Bobokus,

You have very interesting thread. I have been reading and experimenting your strategies for past one week. Can you please guide or explain more clearly your stop loss rules?.. As I am finding it difficult to place the stop loss if the trade is opened in the next candle open after the break of the intraday short or intraday long!.

Thank you,
Vijaybhalaji AP
My stop loss are strategy is placing beyond a previous support or resistance point, then once the trade either moves in the direction your trading or if you see its going against you, at that point you begin to follow the previous candle lows or high with the stoploss.There are a couple of examples somewhere here in the thread.
  • #5,883
  • Sep 17, 2008 7:59am Sep 17, 2008 7:59am
I took a quick scalp last night for 64 pips after spread, entry was @ 1.8756 after a couple nice bounces off the short level and breaking the lows of the previos 2 candles of 0200 & 0300. My TP was sitting at 7790, 2 pips above the pivot.

It almost feels like the charts are talking to me......or maybe its just those voices in my head again

Thanks Bo
Happy Pippin'
KC

Quoting Bobokus
Other than taking a short on the euro Monday I havnt made any Intraday trades this week, Ive been focusing my attention on another project. Its appears that Cable and the Euro are both ranging and the only thing we can do right now is scalping. The Retracement fib continues to offer support while the same time Intraday levels are containing price on top, so its caught in this range until something happens to give them a kick in the pants to get things moving.

VJ, heres the indicator.
I'd like to stress read thru the entire thread, for almost all the answers to your questions.
Yea I know it's almost 400 pages, but almost all of us here have paid the dues of reading it too. Took me almost a month but it was worth every second of it.


Quoting vejay
Hi,

Can you please give me your indicators that show Average trading range for daily and past 10 days? If it is available anywhere please give me the link.

Thank you,
Rgds,
Vijaybhalaji AP
Attached Image (click to enlarge)
Click to Enlarge Name: cable 9_17 scalp.gif Size: 26 KB
Attached File(s)
File Type: mq4 (T_S_R)-Daily Range Calculator_www_fx1618_com.mq4   14 KB | 704 downloads
  • #5,884
  • Sep 17, 2008 8:44am Sep 17, 2008 8:44am
Bo,

could you elaborate on placing intradays? Now seems to be very lax: intraday fib can go back to the highs of several days ago. Shouldn't it be something like high(low) from yesterday and low(high) from today? This is the situtation today: there were higher highs made on Monday late session, should I have my intraday high on it or on the high spike of today, which is lower that that of Monday?

thanks
  • #5,885
  • Sep 17, 2008 9:26am Sep 17, 2008 9:26am
Quoting Bobokus
Yes The Intraday from Monday is the only thing added or changed, JicJoc's posts shows the correct Intraday until we see what happens through todays movment.
Bo,

Can you confirm if I am right? My intraday haven't been moved since Monday for EU and GU as price broken the intraday short fib but it didn't break intraday low fib.

Thanks,
  • #5,886
  • Sep 17, 2008 9:34am Sep 17, 2008 9:34am
Quoting jasius
Bo,

could you elaborate on placing intradays? Now seems to be very lax: intraday fib can go back to the highs of several days ago. Shouldn't it be something like high(low) from yesterday and low(high) from today? This is the situtation today: there were higher highs made on Monday late session, should I have my intraday high on it or on the high spike of today, which is lower that that of Monday?

thanks

I wouldnt move the Intraday up on todays movement until later today to make sure weve got another established high and low point for today, I would still have mine the same as JicJoc's last post. Its a choppy ranging market stuck between Intraday and the Daily Retracement fibs levels.
  • #5,887
  • Sep 17, 2008 9:38am Sep 17, 2008 9:38am
Quoting jren07
Bo,

Can you confirm if I am right? My intraday haven't been moved since Monday for EU and GU as price broken the intraday short fib but it didn't break intraday low fib.

Thanks,
I think its safe to pull it up one more day. The 2nd high of Monday to the low of Tuesday seems to be what its reacting to still, and I would leave this one in place until today is completed.
Euro is in the same boat as Cable.
  • #5,888
  • Sep 17, 2008 9:41am Sep 17, 2008 9:41am
Quoting kc8flq
I took a quick scalp last night for 64 pips after spread, entry was @ 1.8756 after a couple nice bounces off the short level and breaking the lows of the previos 2 candles of 0200 & 0300. My TP was sitting at 7790, 2 pips above the pivot.

It almost feels like the charts are talking to me......or maybe its just those voices in my head again

Thanks Bo
Happy Pippin'
KC




VJ, heres the indicator.
I'd like to stress read thru the entire thread, for almost all the answers to your questions.
Yea I know it's almost 400 pages, but almost all of us here have paid the dues of reading it too. Took me almost a month but it was worth every second of it.
64...thats a nice scalp trade !
  • #5,889
  • Sep 17, 2008 10:01am Sep 17, 2008 10:01am
Thank you for your reply. I am slowly going through all the pages in your thread. Is there a way to download all your replies or subscribe to a news feed of this thread to read sequentially in a news reader like google reader?

Thank you for your Patience in teaching us all.

Vijaybhalaji AP
Quoting Bobokus
My stop loss are strategy is placing beyond a previous support or resistance point, then once the trade either moves in the direction your trading or if you see its going against you, at that point you begin to follow the previous candle lows or high with the stoploss.There are a couple of examples somewhere here in the thread.
  • #5,890
  • Sep 17, 2008 10:11am Sep 17, 2008 10:11am
Thanks a lot. Yes I am trying to read .. I am at the 10th page..

Quoting kc8flq
I took a quick scalp last night for 64 pips after spread, entry was @ 1.8756 after a couple nice bounces off the short level and breaking the lows of the previos 2 candles of 0200 & 0300. My TP was sitting at 7790, 2 pips above the pivot.

It almost feels like the charts are talking to me......or maybe its just those voices in my head again

Thanks Bo
Happy Pippin'
KC




VJ, heres the indicator.
I'd like to stress read thru the entire thread, for almost all the answers to your questions.
Yea I know it's almost 400 pages, but almost all of us here have paid the dues of reading it too. Took me almost a month but it was worth every second of it.
  • #5,891
  • Sep 17, 2008 10:31am Sep 17, 2008 10:31am
Dear Bobokus:
Would you please upload a template for cable.
regards
I need time ,I need money, I need more patience
  • #5,892
  • Sep 17, 2008 12:07pm Sep 17, 2008 12:07pm
Quoting vejay
Thank you for your reply. I am slowly going through all the pages in your thread. Is there a way to download all your replies or subscribe to a news feed of this thread to read sequentially in a news reader like google reader?

Thank you for your Patience in teaching us all.

Vijaybhalaji AP

I think the default here on FF is when you post in a thread youll get email notifications when there is a new post.
  • #5,893
  • Sep 17, 2008 12:21pm Sep 17, 2008 12:21pm
Quoting ztdep
Dear Bobokus:
Would you please upload a template for cable.
regards
Sure, heres what I would be looking at with Cable, still appears it wants to test higher, just nothing driving it or not enough interest in it from big money.
Attached Image (click to enlarge)
Click to Enlarge Name: 0917gbp.gif Size: 23 KB
Attached File(s)
File Type: tpl 0917temp.tpl   4 KB | 473 downloads
  • #5,894
  • Sep 17, 2008 11:09pm Sep 17, 2008 11:09pm
It just happened to work out that way with the break of the 2 candles prior to my entry, then the pivot at 7788, I put my target a cpl pips above at 90. Looking at your chart, the pivot was 7786 I think.
It's all comming together very nicely.
Since I've been reading this thread and applying your fib style, I've made more progress in the last 2 months than the previous year and a half. Your explinations are so clear and helpful, I owe you a grattitude of many thanks.

Happy Pippin'
KC

Quoting Bobokus
64...thats a nice scalp trade !
  • #5,895
  • Sep 18, 2008 11:52am Sep 18, 2008 11:52am
Bo,

Did you move the retracement fib to new day's high or keep still on Monday's high? For EURUSD, price haven't broken the Monday's retracement High on 4 hour chart, so I think should keep it without move. For GBPUSD, the price has broken the Monday's retracement high on 4 Hour chart, so I think should move it to today's new high. For intraday fib, I move it to today's low and high for EURUSD and GBPUSD. Am I right?

Thanks.
  • #5,896
  • Sep 18, 2008 12:10pm Sep 18, 2008 12:10pm
does anyone here combine other trading methods with their fibs or is everyone here 100% pure fib traders? just wondering because i like to use forks with my fibs as well.
  • #5,897
  • Sep 18, 2008 3:26pm Sep 18, 2008 3:26pm
Quoting jren07
Bo,

Did you move the retracement fib to new day's high or keep still on Monday's high? For EURUSD, price haven't broken the Monday's retracement High on 4 hour chart, so I think should keep it without move. For GBPUSD, the price has broken the Monday's retracement high on 4 Hour chart, so I think should move it to today's new high. For intraday fib, I move it to today's low and high for EURUSD and GBPUSD. Am I right?

Thanks.
For Cable the retracement fib can stay since weve goten the bounce from its levels and were waiting for the target range from that to be met, Once the target range is met we can pull it to the new highs. If you want to move it up now theres nothing wrong with that because that will show you the support levels to this move up over the past week or so. The current position just proveides the possible target range were looking for.
Same with the Euro we want to see if this will reach its target range.
Todays movements on both pairs viewed from the 1 hour show neither one has made any progress in either direction today.
  • #5,898
  • Sep 18, 2008 4:16pm Sep 18, 2008 4:16pm
hello bobokus, i was away for sometime to study your posts and test run all of the things you have said inside it.i want to ask a question...as usual...i noticed on the first page of the post,you said something about establishing the trend where you talked about a 62 simple envelope on the 1 hour chart deviation (0.05), i tired to put it on my chart but i can only add 1 to my chart, please how do i go about it? i look forward to hearing from you.

happy pips taking
  • #5,899
  • Sep 18, 2008 4:30pm Sep 18, 2008 4:30pm
Quoting bjpumping
hello bobokus, i was away for sometime to study your posts and test run all of the things you have said inside it.i want to ask a question...as usual...i noticed on the first page of the post,you said something about establishing the trend where you talked about a 62 simple envelope on the 1 hour chart deviation (0.05), i tired to put it on my chart but i can only add 1 to my chart, please how do i go about it? i look forward to hearing from you.

happy pips taking
The envelope is an oscillator but MA based. You can use anything from a 50 to a 100 on the 1 hour to get the same effect, its not something you want to base your trades from just a visual aid as to see trending movement. Its not necessary if you can tell if its trending. It can help see when trending movements are over better than when they begin since the market is most likely ranging before going into trending movement.
  • #5,900
  • Sep 18, 2008 5:33pm Sep 18, 2008 5:33pm
http://www.forextester.com/

im just testing this out, and i must say it looks great. very similiar setup to metatrader, multiple TF allowed (my only beef with vhands).

try out the demo and see...
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